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      "text": "(a) Includes the true-up of share-based compensation expense in the three months ended December 31, 2023. We have certain outstanding multi-year share-based awards, granted in FY 2020, with performance-based vesting conditions that require the achievement of certain Adjusted EBITDA targets in FY 2024 as a condition to vesting. At each reporting period, we reassess the probability of achieving the performance criteria and the performance period required to meet those targets set in 2020. When such performance conditions are deemed to be improbable of achievement, the compensation cost previously recorded is reversed.\n(b) Represents implementation, amortization of deferred implementation costs and other costs associated with the implementation of an ERP system.\n(c) Represents fees associated with the Capped Call Transactions.\n(d) Represents advisory fees related to activism engagement.\n(e) Represents a true-up to transition costs related to the organization changes designed to support growth, including several changes in organizational structure designed to enhance capabilities and support long-term growth objectives.",
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      "text": "Net Income (loss)\nDepreciation and amortization\nInterest expense, net of interest income\nIncome tax expense\nEBITDA\nLoss on equity method investment\nLoss on disposal of property, plant and equipment\nNon-cash share-based compensation (a)\nEnterprise Resource Planning (b)\nCapped Call Transaction fees (c)\nActivism engagement (d)\nOrganization changes (e)\nAdjusted EBITDA\nAdjusted EBITDA as a % of Net Sales",
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      "text": "Freshpet, Inc. and Subsidiaries Reconciliation between Net Income (loss) and Adjusted EBITDA",
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